Indicate if the control activity is for cash receipts or for cash payments including petty cash.

1All cash is deposited intact, in the bank account, daily.

Cash Receipts, Both, or ,Cash Payments

2Blank cheques are stored in a safe in the controllers office.

Cash Receipts, Both, or ,Cash Payments

3All cashiers are bonded.

Cash Receipts, Both, or ,Cash Payments

4All over-the-counter receipts are recorded on cash registers.

Cash Receipts, Both, or ,Cash Payments

5All payments, except for petty cash transactions, are made by cheque.

Cash Receipts, Both, or ,Cash Payments

6Cheque signers are not allowed to record cash payment transactions.

Cash Receipts, Both, or ,Cash Payments

7Company cheques are pre-numbered.

Cash Receipts, Both, or ,Cash Payments

8Daily cash counts are made by cashier department supervisors.

Cash Receipts, Both, or ,Cash Payments

9Only cashiers may operate cash registers.

Cash Receipts, Both, or ,Cash Payments

10Only the controller or assistant controller may sign cheques.

Cash Receipts, Both, or ,Cash Payments

11The bank statement is reconciled monthly by an internal auditor.

Cash Receipts, Both, or ,Cash Payments

12The duties of receiving cash, recording cash, and maintaining custody of cash are assigned to different individuals.

Cash Receipts, Both, or ,Cash Payments